VFACTS: August 2019 new car sales detailed
4 September 2019
Seventeen successive months in decline and no end in sight means more gloom for Australian car brands and their dealers
Australians purchased on average 358 fewer new cars every selling day throughout the August just gone, compared to the same month in 2018.
VFACTS data compiled by the Federal Chamber of Automotive Industries (FCAI) and released today showed August 2019 was the 17th successive month where sales fell relative to the corresponding month in the previous year.
Financial lending reforms making it harder to get a car loan, stemming from Banking Royal Commission, as well as the ongoing drought and a lack of consumer confidence, are all being blamed as factors. You can also throw into the mix more accurate sales reporting from several OEMs.
The tally showed 85,633 new cars, SUVs, light- and heavy-commercials were counted as sold during the month, down 10.1 per cent. That makes it the worst August result since 2010, when 82,122 units were counted sold.
Meanwhile the annual tally after eight months sits at 723,823 units, down eight per cent on 2018’s YTD figure. Every State and Territory with the sole exception of Tasmania has seen its sales go backwards all year.
Even SUV sales fell in August (by 5.4 per cent), however their decline was tempered. SUVs accounted for 45.6 per cent of all vehicles sold, ahead of 30.1 per cent for passenger cars and 20.5 per cent for light commercials (utes and vans). The small remainder were heavy trucks and buses.
The top selling vehicle for the month was again the Toyota HiLux (3674), followed by the Ford Ranger (3181), Toyota Corolla (2863), Hyundai i30 (2813) and the Toyota RAV4 (2006).
Much more graphs and analysis at the LINK (huzzah!)